Insiders of the Canadian stocks on our list are showing confidence in their business’ prospects by putting more money into their company’s shares
SmallCapPower | August 2, 2018: Insider buying is when a company’s management, directors, or a shareholder with a minimum 10% ownership purchases the company’s stock. It is a sign of confidence by those in the know that the stock is undervalued. The Canadian stocks we have identified today have experienced significant insider buying recently, which could be a good omen for existing shareholders.
Mobi724 Global Solutions Inc. (TSXV:MOS) – $0.12
Software
Mobi724 Global Solutions is a Canada-based company engaged in digital incentives, such as card-linked offers and digital marketing; payment solutions, including mobile payment; loyalty programs, and data analytics. The Company operates through two segments: Payment solution and E-couponing. Its solutions enable retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver, and track and measure incentive campaigns to various mobile devices and allow its redemption at various points of sales. On July 26, insiders purchased 375,000 shares at $0.085/share.
- Market Cap: $22.9M
- Avg Volume last 30 days: 155,755.63
- YTD Total Return: -53.3%
Titan Mining Corp. (TSX:TI) – $1.34
Specialty Mining & Metals
Titan Mining is a zinc mining company developing its 100%-owned historic Empire State Mine in New York. The mine’s PEA calls for an 8-year mine life, producing an average of 94Mlbs Zn at an average AISC of US$0.79/lb. The Company expects to receive additional exploration results and update its LOM plan by Q1 2019. Since June 21, insiders have purchased 1,420,000 shares at an average price of $1.36/share.
- Market Cap: $136.3M
- Avg Volume last 30 days: 87,112.47
- YTD Total Return: 9.8%
Canadian Zinc Corp. (TSX:CZN) – $0.13
Specialty Mining & Metals
Canada Zinc is an explorer focused in the Northwest Territories. The Company’s flagship asset is the 100%-owned Prairie Creek property, located 500km west of Yellowknife. According to a Feasibility Study conducted in 2017, the mine hosts reserves of 8Mt at 8.6% Zn, 8.1% Pb, and 124 g/t Ag. The Company plans to produce an average 95 M lbs Zn, 105 M lbs Pb, and 2.1 Moz Ag per year for the first 10 years of the mine’s operation. On July 10, a $20M financing for 100M units at $0.20/unit was completed.
- Market Cap: $47.6M
- Avg Volume last 30 days: 80,576.30
- YTD Total Return: -15.2%
Gran Tierra Energy Inc. (TSX:GTE) – $4.35
Oil & Gas Exploration and Production
Gran Tierra Energy is an oil company operating in Columbia. The Company’s assets are located primarily within the Putumayo and Middle Magdalena basins. Management has guided production of 36,500 -38,500 boe/d in 2018, which would represent 16-23% increase over the prior year’s output. GTE expects to spend $275-295M on development, exploration, as well as new facilities. Since June 21, Company insiders have purchased 1.2M shares at an average price of US$3.24/share.
- Market Cap: $1,694.0M
- Avg Volume last 30 days: 473,808.03
- YTD Total Return: 27.6%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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